Robeco Institutional Asset Management B.V. increased its position in HP Inc. (NYSE:HPQ) by 18.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,668,374 shares of the computer maker’s stock after buying an additional 257,228 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of HP worth $29,164,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of HP by 0.4% in the first quarter. Parallel Advisors LLC now owns 11,616 shares of the computer maker’s stock worth $218,000 after buying an additional 41 shares in the last quarter. Montecito Bank & Trust boosted its stake in shares of HP by 0.3% in the second quarter. Montecito Bank & Trust now owns 17,342 shares of the computer maker’s stock worth $303,000 after buying an additional 60 shares in the last quarter. Savant Capital LLC boosted its stake in shares of HP by 0.3% in the first quarter. Savant Capital LLC now owns 24,276 shares of the computer maker’s stock worth $434,000 after buying an additional 80 shares in the last quarter. Destination Wealth Management boosted its stake in shares of HP by 0.5% in the first quarter. Destination Wealth Management now owns 15,603 shares of the computer maker’s stock worth $279,000 after buying an additional 83 shares in the last quarter. Finally, Intrust Bank NA boosted its stake in shares of HP by 0.5% in the first quarter. Intrust Bank NA now owns 25,997 shares of the computer maker’s stock worth $464,000 after buying an additional 120 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HP Inc. (NYSE:HPQ) opened at 19.31 on Friday. The stock has a 50 day moving average price of $18.86 and a 200 day moving average price of $18.09. The stock has a market capitalization of $32.46 billion, a price-to-earnings ratio of 14.03 and a beta of 1.90. HP Inc. has a 1-year low of $13.77 and a 1-year high of $19.78.
HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.31 billion. During the same quarter last year, the business earned $0.48 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that HP Inc. will post $1.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a $0.1327 dividend. This represents a $0.53 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is 38.41%.
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A number of brokerages have recently commented on HPQ. Bank of America Corporation boosted their price target on HP from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. UBS AG reissued a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of HP in a research report on Thursday, May 25th. Royal Bank Of Canada raised HP from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $21.00 to $22.00 in a research report on Thursday, July 20th. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price target on shares of HP in a research report on Thursday. Finally, Jefferies Group LLC boosted their price target on HP from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Ten equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.53.
In related news, Director Margaret C. Whitman sold 73,992 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $17.72, for a total value of $1,311,138.24. Following the completion of the sale, the director now owns 544,881 shares in the company, valued at $9,655,291.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marie Myers sold 12,119 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $18.07, for a total transaction of $218,990.33. Following the completion of the sale, the insider now owns 5,621 shares of the company’s stock, valued at approximately $101,571.47. The disclosure for this sale can be found here. Insiders sold 1,713,815 shares of company stock valued at $31,984,460 in the last quarter. Company insiders own 0.62% of the company’s stock.
HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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